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I am not convinced Mr Phelan is just a stable lad who got lucky. The incident has the look of a well planned coup.
But what reason does Ladbrokes have to not pay out? They don’t seem to have invoked the palpable error rule. Other bookmakers have paid him and there is no indication that any rules have been broken.
They will make the €300,000 back from the slots in next to no time anyway.
Watched his youtube ‘interview’ yday afters.
Must admit my mind remains ‘open’ on whether Lads are entitled to wait and see, esp as the ‘enquiry’ is still going on.I wonder what size of bets the other bookmakers payed out on? I guarantee if his Ladbrokes winnings was in the hundreds they would have paid up.
The more I know the less I understand.
Given there is a maximum pay out of €100,000 and the bet should yield €320,000; Ladbrokes are sort of €220,000 up anyway.
It looks like the cashier had no idea of the liability.
“It looks like the cashier had no idea of the liability.”
Or the punter, otherwise he would only have done 10 ew.
Presumably the limit applies even if you have taken early prices which would produce a much higher payout. I think that wasn’t always the case.
Maybe a case for Jimmy Stevenson and the Green Seal Service.Phelan may have been unaware of the rule. Someone employed by Ladbrokes ought to know but lots of cashiers now are just there to smile and take bets.
I can’t see why they don’t pay out, good luck to the lad but he could have told me!
I've stumbled on the side of twelve misty mountains
I've walked and I crawled on six crooked highwaysI assume Ladbrokes will be taking steps to contact all the losing punters on those races and refund them given that they aren’t paying out on the winners.
The max liability thing is a different matter. The rules are posted in the shop and you can’t necessarily expect the cashier to know the limits off the top of their head, especially if there isn’t one single limit for racing and the type/location of the race makes a difference, and work that out before accepting it. You’d be there ages working that out, even a relatively modest lucky 63 with a couple of big prices could have a massive potential return.
The mainstream media is picking up on the story now, with articles in the “Daily Mail” and “The Sun”. And in the Irish newspapers as well, of course.
I think Ladbrokes will pay out eventually. They are getting lots of bad publicity in Ireland. Is that really worth €100,000?
There is little doubt this was a planned coup, with the money spread amongst bookmakers, so I don’t buy the “poor little stable boy” angle. But if no rules have been broken, then pay up like the other firms have.
I would guess that he got fed up of traipsing from bookie to bookie with moderate stakes and went all in. Any old time bookie would have smelled a rat immediately.
I've stumbled on the side of twelve misty mountains
I've walked and I crawled on six crooked highwaysThe two Curley horses i think of are Silvertown and Urbi Et Orbi .
Silvertown , i took my wife out for high end day out midweek winter Lingfield one day , told her id pay for decent meal out and all expenses easy double money plus interest Silvertown , Curley /Spencer , won by head in Spencer special , hard held , nade me sweat , could have gone badly wrong .
And Urbi Et Orbi , was in Bookies one day , this horse over 5 years off track , big field hurdle backed to favorite , wins .
Curley was a very very good trainer as well a punter .An interesting report that has been copied and pasted on a BF forum thread:
A GOOD old-fashioned gamble wiped out bookies to the tune of £500,000 – after a group of punters launched an amazing betting ring attack.
Rocky’s Diamond won at 100-1 at Limerick and a photo of a betting slip showing a punt for €250 each way has gone viral online.
This was just one of the gambles that came in on the 100-1 outsider
But that colossal €30,000 (£26,000) return was just the tip of the iceberg.
A double including Rocky’s Diamond and Diamond Nora, who was backed from 150-1 into 16-1 before winning at Ballinrobe, also came in.
According to Irish Racing, a major off-course bookie was walloped for €339,000 (£291,000) from the outlandish €30 each-way punt.
The winnings didn’t stop there, as reports of one punter at Limerick and a group at Ballinrobe working together collectively stung the bookies big time.
It is believed all their winnings combined cost the layers around half a million quid.
Both the horses are trained by Declan Queally, who runs his Irish yard alongside his son of the same name.
Declan Junior is brother of top Flat jockey Tom Queally, who rode Frankel to all 14 of his victories.
Incredibly, both brothers were on board horses who won in Barney Curley’s famous 2010 gamble.
On-course bookmaker Brian McDonnell was one of those hit by the latest gamble.
He explained how it came about and how he was ‘out the game’ after Rocky’s Diamond won easily by five lengths.
He told Irish Racing: “It was a really bad day for us but if I had allowed him the bet he asked for, it would have been desperate.
“The customer struck the bet six minutes before the off and if the race started 20 minutes later, he’d still have been putting money on.
“I was out of the game after laying the bet and Tocky McCarthy (fellow bookmaker), who was standing beside me, was taken next.
“There was no point going to my fellow bookmakers (to hedge) at 100-1 and 50-1, as they weren’t going to lay me and I was stuck with it.
“Bookmakers had assumed he was backing the favourite or second-favourite because they couldn’t see the price changing (on the longshot) and couldn’t figure out which horse he was backing, until he went to them.
“That helped him get around the ring and I quickly realised he was trying to take every bookmaker out – which he had a fair go at.
“In the region of €100,000 was won at Limerick and my bet was settled that day.
“I sent a message to Ballinrobe to say what was going on but as the horse passed the line at Limerick, the reply said ‘they’re at it here as well’.
“Unfortunately my father got caught at Ballinrobe but not to the same level.
“Ballinrobe has more bookmakers and they spread their bets but it wasn’t hit for the same volume.
“Limerick has a smaller ring and was done by only one man.”
Amazingly it could have been even worse with the Queally-trained Olympy De Cerisy being backed into 11-10 favourite in the bumper.
But despite going clear the five-year-old gelding finished runner-up to Willie Mullins’ 5-4 Ballygunner Castle.
Punters were in awe of the colossal gamble.
One said: “I have a feeling this is the biggest touch in Irish racing in years. Well done all concerned.”
While another posted: “That’s a beautiful thing and probably well deserved.”
None of this nonsense could happen without bookmakers.
One of the benefits of a Tote monopoly.
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